Will UK Parliament approve May's Brexit deal on March 12?

UK Prime Minister Theresa May has laid out plans for a possible extension to Article 50 in order to avoid the UK leaving the European Union at the end of March without a deal.

Such an extension would first require MPs to vote to reject both the prime minister's current deal and a no-deal scenario.

Speaking to the House of Commons on Monday, May acknowledged fellow ministers' worries that "time is running out," but maintained that she believed a no-deal Brexit would not be as disastrous as predicted.

"I believe, if we have to, we will ultimately make a success of a no-deal," the prime minister said, amid loud scoffs from the House.

The steps toward the contested extension were outlined in May's "three commitments," a 3-step process planned for mid-March.

1. MPs will take part in a meaningful vote on March 12 over May's current Brexit deal

2. Should her deal be rejected, MPs will then be invited to vote on March 13 on whether the UK should leave the EU without a deal

3. A rejection of both the above would lead MPs to a third vote on March 14 on the extension of Article 50

However, May warned that an extension, should it happen, would be a one-off situation and would be brief, creating "a much sharper cliff edge."

The only way to avoid leaving the EU without a deal would be to agree a deal or to revoke Article 50 altogether, the latter of which "is something I will not do," the prime minister said.

May then rejected proposals of a second referendum, saying it would take the country "back to square one."

"This House voted to trigger Article 50 and this House has a duty to deliver on the result," she added.